I first began using Paypal back in 1998 or 1999, about a year or so after opening my Ebay account. I resisted using Paypal initially because I didn't trust online payments at the time. Repeated customer requests through Ebay plus the hassle of dealing with checks and money orders finally convinced me to give Paypal a try and I was hooked immediately. It worked so seamlessly I added Paypal "Pay Now" buttons to my web site and sales increased there, as well.
To date, after thousands of transactions, I have only had one "chargeback" and that was from an Ebay customer who insisted they had not received the auction item they had bid on and won. I didn't use "delivery confirmation" back then either so I didn't have a leg to stand on and wound up mailing a replacement item.
Needless to say, I'm sold on using Paypal to process credit & debit card transactions as well as electronic check transfers. Unlike traditional merchant accounts, there is no start-up fee with Paypal though they do charge a per-transaction fee and percentage fee on every payment they transact. Many online merchants offer both a conventional credit card processing service and Paypal but for a new business on a budget, Paypal will get you up and running in a flash.
Paypal offers both personal and business accounts but the personal account has limitations on the amount you can accept every month and more payment options are available with the business account. Save yourself some time and grief and go straight from the get-go with the business account. Oh yeah! Almost forgot; Paypal accepts mobile payments now, too!
PayPal.com Online Payment Service
"PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, PayPal Smart Connect or account balances, without sharing financial information.
PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 24 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.
PayPal has received more than 20 awards for excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People's Voice Award for Best Financial Services Site.
Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002." Paypal.com
PayPal.com Online Payment Service
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